Davis Capital Management Takes Position in CoStar Group, Inc. $CSGP

Davis Capital Management purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 14,277 shares of the technology company’s stock, valued at approximately $1,205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of CoStar Group by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company’s stock valued at $5,535,338,000 after buying an additional 420,772 shares during the period. Bamco Inc. NY raised its holdings in shares of CoStar Group by 3.4% during the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after acquiring an additional 647,413 shares in the last quarter. State Street Corp boosted its position in CoStar Group by 0.9% during the second quarter. State Street Corp now owns 17,732,968 shares of the technology company’s stock valued at $1,425,731,000 after purchasing an additional 158,539 shares during the last quarter. Geode Capital Management LLC grew its stake in CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after purchasing an additional 290,404 shares in the last quarter. Finally, Norges Bank purchased a new position in CoStar Group in the second quarter valued at about $426,783,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CSGP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating on the stock. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Monday, December 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.38.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $65.69 on Friday. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $67.92 and a 200-day simple moving average of $79.39. The stock has a market capitalization of $27.84 billion, a price-to-earnings ratio of 1,313.80, a PEG ratio of 1.42 and a beta of 0.84. CoStar Group, Inc. has a 1-year low of $62.00 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, sell-side analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.